Business
Australian banks get silver medal for fines – The Australian Financial Review
Aussie banks punched above their weight in 2020, trailing only the US mega-banks in the total value of fines they racked up across the year.
Coming in just under the big whacks paid by US mega-banks is Westpac, for its $1.3 billion settlement with financial intelligence regulator AUSTRAC for failing to report over 19.5 million international funds transfers and turning a blind eye to transactions that may have involved child exploitation.
Among the other eye-watering fines paid by banks around the world in 2020 were Israels largest bank Bank Hapoalim, which agreed to pay $1.2 billion for hiding customer funds from the IRS in secret accounts…
-
Noosa News6 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
Noosa News12 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
General12 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News12 hours agoDetectives continue to search for answers on Crystal Beale’s death